Abstract :
This study aims to determine the effect of macroeconomic variables in this study on interest rates, exchange rates and world oil prices and world gold prices on company stock returns. This research is a time series study with a research period from 2012 - 2019. In this study, mining companies on the Indonesia Stock Exchange are used. The sample in this study using purposive sampling method and obtained 19 companies that meet the criteria. The research method in this research is using multiple linear regression analysis method. Multiple linear regression analysis is supported by the feasibility test of the research model using SPSS 26 as a testing tool. The results showed that partially the variables of interest rates has a significant negative effect on stock returns of mining sector companies. Exchange rate variables, world oil price and world gold price do not have a significant effect on stock returns of mining sector companies.
Keywords: Macroeconomics, interest rates, exchange rates, world oil prices, world gold prices, stock returns